Buy A Business, Or Not?

Be fair, attentive, and customers
will return.

There is risk in purchasing any
business. It requires large amounts
of capital, up-front. A failed business,
that you feel would be profitable under
your management, entails many resources.

"Expect to call and investigate plenty
of businesses to find one that makes
sense for you," Gregory Caruso said.

Karen L. Klein, Los Angeles times,
reports, Caruso is a principal at mergers
and acquisitions, Harvest Associates.

When you have decided on the kind of
business, or the area you want to concentrate
on, call local businesses. The process takes
from nine months to two years.

Personally, I feel a, life changing, decision
should take time from start to completion.
Always double-check references. It's best to
make sure, parties, people, unknown to you have
the good intentions expected.

Doubt can't be, a shadow, in the back of your
mind when in the last stage of closing the deal.

If there is any hint of apprehension, stop, and
re-think. Look in the classifieds of major newspapers
for legitimate business listings.

The web sites to browse through are: www.bizbuysell.
com, and www.mergernetwork.com.

The purchase of any business is a major undertaking.
Make sure you are emotionally, financially, ready, and
have the resources to proceed.